Warren Buffett Amasses a $10.7 Billion Stake in Big Blue
November 28, 2011 Timothy Prickett Morgan
If you didn’t think that IBM was really a financial services company as much as an IT provider, now that Warren Buffett’s Berkshire Hathaway holding company has purchased a whopping $10.7 billion stake in the company, you might just change your mind. During a wide-ranging interview on CNBC on November 14 after The Four Hundred went on Thanksgiving hiatus, Buffett, one of the richest men in the world, said he had been accumulating shares in IBM since March and kept right on buying into the fourth quarter. He has stopped buying shares, which is why the Oracle of Omaha is |